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Nickel last night? https://tradingeconomics.com/commodity/nickel https://tradingeconomics.com/commodity/nickel I have never seen anything like that.
by veganhouseDJ 5y ago
Nickel last night?
https://tradingeconomics.com/commodity/nickel https://tradingeconomics.com/commodity/nickel
I have never seen anything like that.
- ahnick 5y agowhat on earth is the explanation for that? Edit: Okay from the summary it says... "Russia accounts for about 10% of the global nickel supply, mainly for use in stainless steel and electric vehicle batteries. Nickel was already rallying before Russia’s invasion of Ukraine as robust demand from the stainless steel and battery industry drained inventories, which now stand at 76,830 tonnes in LME-registered warehouses, their lowest since 2019." Still surprises me that the increase is so much higher than other metals.
- veganhouseDJ 5y agoThe higher order effects of a 100% increase in 1 day of nickel is Knightian uncertain. It paused? lol https://tradingeconomics.com/commodity/nickel https://tradingeconomics.com/commodity/nickel